PBOC sets yuan midpoint, injects 93 billion yuan, with 87.7 billion yuan net drain as maturities exceed injections.
Gold prices in Malaysia fell to MYR 431.01 per gram, influenced by international rates and economic conditions.
Pentagon to brief Musk on China conflict; concerns arise over conflicts. Tesla recalls Cybertrucks; Morgan Stanley lowers target.
GBP/USD trades near 1.2960 after failing to hold above 1.3000, influenced by Federal Reserve and BoE decisions.
The PBOC sets the yuan’s midpoint daily, allowing a 2% fluctuation range while managing stability through interventions.
GBP/USD remains stable near multi-month highs, supported by Fed policy expectations and limited economic data impact.
Tesla’s shares fell 40%, Cybertrucks were recalled, record trade-ins occurred, and retail investors invested heavily.
The PBOC set the USD/CNY rate at 7.1760, using monetary tools to stabilize prices and growth.
Japan’s inflation drops to 3.7% in February 2025; core inflation at 3.0%, exceeding expectations slightly.
Japan’s core CPI rose to 2.6%. USD strengthens, pressuring EUR/USD and GBP/USD. Gold falls, Bitcoin recovers.
